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trillion to our dead and that leads us to next issue and that is what to do about this debt in our deficit and what to do about a budget. lou: use it on the super committee. >> yes,use it on the super committee. >> yes, i do, but i am an ally and a lieutenant of paul ryan. i'm trying to help him as much as possible. lou: why would congressman paul ryan get involved in integration an trying to rewrite the tax code in such a short timeframe and as i was talking with jon barrasso yesterday, the leadership priorities are to preserve sequester and ensure that no taxes are raised here. why expand again -- it's one of those baffling things to me that the republican party always seems to be inclined to turn potential political victories in moments of achievement into failure and i just don't understand it. >> he is focused on this budget negotiation and i don't think there'll be there will be a grand bargain. we are focused on not only keeping victories like this in place but adding to them as well and tax reform would be a victory that would help grow the economy and help alleviate the deficits.
too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
of the worst things we've seen, period. >> come on, you're a hard-headed economist, and we've got deficits as far as the eye can see america's going bankrupt. it's becoming greece, haven't you heard this? we've got to have tough cuts. we have about 40 hedge fund guys who made $16 billion. and they pay much lower taxes than the average working class american because they get tax gimmicks. you put their taxes at a normal level not even a superhigh level for these unbelievable checks that they take home and you fund 47 million people. >> this is a solution, get rid of what's called carried interest, the loophole you're talking about. get rid of the carried interest loophole for the top 40 people. do it just for the top 40 -- >> you'd probably get about $3 billion a year from the 40 people alone. this would be, you know, i have here, i brought it because i thought it was relevant. to a piece of legislation submitted by senator levin, which is all of the worst tax phony loopholes for american companies, putting their money in the caymans, this is $220 billion over ten years, it's not about rais
is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it's becoming more expensive and more difficult to do business in other parts of the world, our economy is becoming more competitive and more attractive. business leaders from around the world tell me all the time that there's no other place where they would rather do business. on my very first trip as treasury secretary, i visited a plant in georgia and saw firsthand american workers producing electronic equipment to be added to construction machinery for export to china. the plant is owned and operated by siemens, the german company, and it's one of 130 facilities they run throughout the united states. they've invested more than $125 million bel in the united states -- billion in the united states over the past decade and invests about $1 billion every year in research here. when asked about it, they said, america produces better tha
american president. so they won't change their vote. they are still coming out. the other was a deficit of working class white males in the upper midwest, the places hit but the auto bailout. i don't think it makes a difference christie is on the bailout. i think they are both great reporters -- >> the game change was not really contested. they obviously got good sources. >> which reminds me of another reason i don't think they were considering hillary clinton. among the things bill clinton said about obama when hilary was running against them was teddy kennedy, about barack obama a few years ago this guy would have been getting us coffee. >> really? >> yeah, it's in my book. >> does that mean it's true? >> it's in their book, it's from "game change". >> let me talk about obama and clinton, they don't like each other and today they learned to live with each other and benefit from each other in the sense that bill clinton having the current president on his arm is good for business and on barack obama obama obama's side it's good for business. >> it i don't think it's a friendly as a rel
contradicting what he said. this from a guy who ran as candidate who was going to end the trust deficit. >> okay, panel, my loser, a beard. because my staff put in should bret grow a beard in support of no shave november? 70 percent said no. and apparently that's why. duck dynasty beards? in support of men's health early detection prostate cancer good cause just no beard. that's it for the panel. stay tuned for a a clip of kathleen sebelius bringing down the house and also bing results. check it out. i can't believe your mom has a mom cave! today i have new campbell's chuy spicy chicken quesadilla soup. she gives me chunky before every game. i'm very souperstitious. haha, that's a good one! haha! [ male announcer ] campbell's chunky soup. it fills you up right. so ally bank has a] that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. a
's health. the fourth issue she brought up was the deficit and aca may contribute. guest: the cbo scored that it would actually decrease the deficit. this law, if anything, reduces the deficit or is budget neutral. one of the ideas behind the law is we are going to bring health- care cost under control. we have seen the increase of health care costs start to decline, which is a good sign. that is a huge issue. unless we can stop premiums and costs generally from going up, five percent, 6%, seven percent, every year, we will have spiraling costs. >> do you think social security -- host: aaron smith, do you think social security will be around by the time you get to a retirement age? guest: i am hopeful. i think it will be. it is something that has been a red rock in this country. it is something my parents and grandparents relied on. it is something we are all paying into. so far, i have seen a lot of support, actually, and a lot of opposition to attempts to roll that back. when we have talked to young people about social security -- you definitely hear this skepticism about whether it wi
of the tapering, $85 billion a month was one thing when the federal budget deficit was a lot bigger than it is. it shrunk a bunch. continues to shrink. is there a limit to that in your view? is that one of the reasons they may begin sooner rather than later? >> it's an interesting point. obviously there's a limit of 100%. but i don't think that will push them to taper sooner than the economic conditions warrant. even if they're taking a bigger and bigger share of the total. i think the deficit came down quite dramatically. but now we're getting essentially to the spot where the conditions are approaching something more normal. so it's not going to -- the deficit's not going to keep shrinking at that kind of rates it did over the last year. so i don't think that's going to be playing as much in their mind. but i do think it's an important point. >> so we've got to go, austin, but since you left, we've had the shutdown, benghazi, the irs scandal, the obama care rollout. does this -- am i making clear -- >> two hours after i left, they downgraded the u.s. government. you're on to something. >> ca
federal deficit. >> julian, i have toil, president obama, unequivocally said this will not be a tax increase. he looked the american people in the eye in fact he was sitting down with george stephanopoulos it isn't a tax. it was never a tax. it's the law. his words. turns out, i agree with you it's a tax. >> certainly there is no question. nobody ever debated the fact that you had things you had the medical equipment tax you had capital gains rate going up for certain people. the point here is that out of a pool of 60 million people we are clearly going to get far more than 7 million people entering into this. look back -- >> -- in your opinion. i have to leave it there real question for me is if they can't get a web site up and running in three years how in the world are they going to handle billions and billions going through that medical portal going forward? julian we have to leave it there. >> thank you. >> next on the ruppdown, ed henry on the political fallout from the botched obama carrollout. and then the president is taking heat from world leaders over the spying, nsa spyi
with the dramatic reduction in the federal deficit. >> quite dramatic. it's 680 million, the first time it's been under a trillion in five years. if you look at this chart, you'll see it's less than half it was in 2009. why? well, a pull back in stimulus packages. of course sequestration, across the board budget cuts. and taxes on the top 1%. and also if you go back to 2008 and that housing crisis, fanny and freddie mac and the government bailout have started to pay the government back. that's reflected in the figure. >> auto sales. how did they fair last month given the government shutdown. >> it did have an effect. the back half was quite successful. particularly with trucks. you see one truck ad after another. full 60 seconds, very brand specific. the average transaction price for a full size truck is $39,000. they are more fuel efficient, quite luxurious. and brand advertising. that's important. because it's not just is targeting people purchasing trucks but a new generation of young boys. >> going bananas. >> if you look at the list, number one is sandwiches. that's interesting. it's number
an example i love the quote from niles ferguson referring to the president saying, the deficit is declining and now ferguson says, yeah, from superenormous, to really, really gigantic. i love the quote. but, is that enough? do i have to say, as i heard or as i read on an ap story. about ferguson. or as i heard when he was on with george stephanopoulos. i mean there's sort of a certain degree when we're going to say, is that nitpicking? is referring to the person enough or do i have to refer to the original source? in an academic paper, even if you paraphrase something, don't even use the same words, has to be sourced. when i wrote scientific papers, i sometimes had statements with eight footnotes for a sentence. if it's required i'll do it. but i think i'm being unfairly targeted by a bunch of hacks and haters. >> okay, that's an extensive answer. thank you, rand paul. >>> up next -- it's the roundtable turn. matthew dowd, van jones, jon than karl and peggy noonan. on. the president's second-term slump. >>> and a look at this tuesday's election, what clues do they have for 2016 and midterms
them to the deficit and easing the sequester. there's a deal to be made if both sides will approach it with willingness to engage in give and take. >> i'm curious how optimisticing that lawmakers will do the same because you're saying give and take, both sides have to give a little. >> well, remember, first of all, let's start with the things we agree on. we agree with a lot of the president's entitlement reforms. we don't think we should have to pay for areas we agree by doing things like raising taxes. we don't expect the democrats to embrace the ryan plan on medicare or the block grant medicaid to the states. so they've got some lines in the sand on their side. i respect that. but there's enough room in the middle to actually get something done, and frankly, if not, you know, the sequester levels of spending are already written into the law. and we can certainly enact those. but again, we think there's better ways to save money and still have money to do some of the things the president's talking about doing. infrastructure development and certainly easing some of the domestic sp
's the key to your pound a day? >> it's creating a 3500 calorie day deficit. every 3500 calories you don't consume or burn, you lose a pound of fat. you do that by eating constantly. skipping meals makes you gain weight. >> exactly. >> six or seven a day. 200 to 300 calories each. not too great. a 16 ounce chocolate smoothie has 30 grams of pro10 and 11 grams of fiber made without sugar or fat. i have a chinese fruit that is sweet and calorie-free. after that, a small egg wight omelette and after that, i will do something like stir fried beef and broccoli and a green smoothy and two to three hours and it keeps going. >> sign me up. >> let's underline this. skipping meals is the way to gain weight. >> that's right. >> why? >> here's why. after two to three hours, your body needs nutrition. if you don't provide nutrition and get the hunger pang, we know that feeling, whatever you consume after your blood has changed that you are in starvation mode gets stored as fat. >> oh, no! >> cave man mode. >> you stay in cave man mode. let's show this again. isn't this great? >> yes. everything you h
deficits and debts. that's a difficult perspective. we need to recognize these spending issues are important. we need to be on a balanced budget. we need to be focused on what's going to give a sound, fiscal opportunity for this country. >> but you have to look at issues as well. you cannot ignore the problems being imposed on families on a daily basis with the cuts to the food stamp program. look at your state alone in north carolina. 1.7 million americans rely on these s.n.a.p. benefits. economists estimate every food stamp dollar turns around and brings in $1.70 in terms of impacting the local economy, which means a total economic loss to your state of about $280 million in the coming year, money that's no longer going out to farmers or grocers or others. what's your reaction to that? >> if it was that good, we would have a robust economy. as it is right now, our economic growth is about 1.8%. unemployment is about 7.5%. we have about 170,000 new jobs per month. that is very slow growth. you know, back in the '80s when reagan cut the tax obligation, cut the regulation, we di
Search Results 0 to 21 of about 22 (some duplicates have been removed)